Browsing Tag

germany

German Finance Head Advises US on Spending in Washington

TL/DR - Germany's finance minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing it has not been effective in controlling consumer prices in the US. He made these statements at an event in Washington, referring to domestic critics who urged him to relax restrictions on public…

European Manufacturing Requires New Strategies Against Biden’s IRA

TL/DR - Swiss solar-panel maker Meyer Burger Technology AG is set to move operations to the U.S. after shutting its factory in Germany, following a $220.5 million fundraising approved by shareholders. The company cites cheap Chinese competition and massive competitive disadvantages in Europe as reasons for the move. According to Bloomberg…